Micron will be setting up shop inside Downtown Syracuse’s One Lincoln Center on West Fayette Street and will soon add its logo atop the building that will be seen by New Yorkers entering the city.

Micron intends to invest up to $100 billion over the next 20-plus years to construct the 1,400-acre (570-hectare) campus in Clay, New York, with $20 billion planned by 2030. The company has ...